Chile

With a $14mn investment, Enap progresses on the construction of its first green hydrogen plant, expected to be operational in early 2026 in the Magallanes region of southern Chile.
A report reveals the economic impact of renewable energy losses in Chile, indicating that a 1% drop in curtailments could generate $15mn in annual savings.

Grenergy doubles its investments and strengthens its position in energy storage

Grenergy reported €86mn in EBITDA in the first half of 2025 and raised its investments to €421mn, supported by increased energy sales and major storage operations.
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With 816 MW of capacity and 140 turbines, Colbún’s Horizonte wind farm launched its commercial phase in early September after a gradual deployment over several months.
Chilean power producer Colbún has completed its cash tender offer for 3.950% notes due 2027, repurchasing more than half of the outstanding amount for a total of $266mn.

Latin America’s energy storage to reach 23 GW by 2034

Led by Chile and dominated by utility-scale projects, Latin America's energy storage market is projected to grow at an average annual rate of 8 % through 2034.
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The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Grenergy has secured $270mn in non-recourse financing to install 3.5 GWh of batteries in Phase 6 of the Oasis de Atacama project, marking a major step in expanding its energy storage capacity in Chile.

Grenergy sells 10% of Chilean megaproject to CVC DIF for $475mn

Grenergy has finalised the sale of the fourth phase of its hybrid solar-storage project in Chile to CVC DIF, valued at up to $475mn, while retaining operation and maintenance for five years.
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CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.
The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.

Aramco maintains resilience with $24.5 billion profits in second quarter 2025

The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.
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The addition of 5 GW of battery capacity and commissioning of the Kimal-Lo Aguirre line are expected to significantly reduce congestion and stabilise Chile’s power grid by 2032.
The Brazilian mining sector is drawing US attention as diplomatic discussions and tariff measures threaten to disrupt the balance of strategic minerals trade.

Arctech Brazil obtains FINAME certification and accelerates its regional expansion

Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.
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Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
According to a Wood Mackenzie report, Argentina could achieve daily gas production of 180 million cubic metres per day by 2040, aiming to become a key regional supplier and a significant exporter of liquefied natural gas.

Argentina restricts industrial gas amid historic cold snap

Facing the lowest temperatures recorded in 30 years, the Argentine government announces reductions in natural gas supply to industries to meet the exceptional rise in residential energy demand across the country.
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Spanish company Cox has signed a $64mn contract for the design and construction of 500 kilometres of high-voltage transmission lines in Paraguay's Chaco region, in collaboration with local firm L.T. S.A.
North America registers record funding of $1.7 billion in the first quarter of 2025, driven by emerging innovative techniques exploiting previously inaccessible geothermal resources, according to recent analysis by Wood Mackenzie.